Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.081%

Price spread now: Lighter against BloFin+0.265%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.265%, 7d avg +0.166%

Together, before fees+0.093%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.099% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6457	0.0220	pay 0.0220% / 8h	4h 16m	$90K	$214K	25x
Short	Lighter MNT	0.6474	0.0416	get 0.0052% / 1h	16m 35s	$141K	$75K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee LighterbpOrdersPrice spread, now +0.265%Rate

Funding earned: $41.16
Price spread: +0.265% → +0.166%: $9.91
Slippage, 4 orders: −$81.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.17
Costs to cover: 0.932%
Break-even: 14.2 days

Slippage from BloFin: live order book, 14 min ago; Lighter: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 14 min ago	1.55 bp	15.9 bp −$16	54.5 bp −$545	doesn't fit	doesn't fit
Sell Lighter live order book, 23 min ago	11.44 bp	17.0 bp −$17	93.8 bp −$938	doesn't fit	doesn't fit

MNT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX MNT/USD [ETH-USDC]	L −0.2622% / S +0.0192%	1h	0.6458	+0.021%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0566%	1h	0.6452	−0.075%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6459	+0.029%	$776	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.069%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6466	+0.144%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6456	−0.009%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6436	−0.325%	$433K	$175K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6449	−0.124%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6453	−0.062%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6458	+0.015%	$41K	$55K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6441	−0.243%	$286K	$111K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6449	−0.124%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6459	+0.031%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6457	long leg	$90K	$214K	25x
Lighter MNTshort	+0.0416%	1h	0.6474	+0.265%	$141K	$75K	5x